Daud Wyllie January 10, 2020 Bill of Sale Examples
Inaccurate information, such as an overstated sale price or a misrepresentation of the property being sold, can cause legal difficulties; incomplete information can cause problems too, which is why a properly drafted bill of sale form should include as much information as possible about the item(s) being sold and the terms of the sale.
To better understand the legal aspects surrounding a bill of sale, it is important to go online and search for a sample bill of sale and look at the legal language used in these forms and take note of their common terms and elements. However, be sure to verify the quality of any legal form if you actually intend to use it.
The bill of sale form will include the details of the transaction, and although it will typically be signed by the seller, it does not have the legal force of a title or deed. Bills of sale do not prove ownership; rather, they only show that a transfer of ownership occurred. Nonetheless, the bill of sale can prove as useful evidence that the transaction did indeed take place. It can also be helpful if there is a dispute as to the details or conditions of the transaction.
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